Gold Mini Expected Movement 2022 - Future Forecast of Gold Mini (forexblues.com)

Hello Everyone. Hope you all are doing good !

Today we will be discussing about the Gold Expected Movement. Gold is at 50,000 level right now. And the resistance is at 52,500 level, where it has started depreciating to 50,000 level.

Now looking into the chart, we can see that the support is at 49800 which is S1, which means it will depreciate to this level.

The different parameters such as the RSI, Stochastic RSI, and MACD - all are showing a downward pressure, making us believe that it probably be heading towards downfall.

Also if it will break this level of 49,800, it will fall straight to S2 which is at 47,000.

Now what if it doesn't break
the Support1? The answer to this is it will bounce back to R1 which is 52,500 level in the longer run.

Hope you guys like this blog. If you have any queries, please do write to us.

Thanks.

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